Leading global banks together with TradeIX and R3 pilot blockchain trade finance solution
The blockchain initiative, Marco Polo is piloting Trade Finance solutions
“The initiative, called Marco Polo comprised of a group of the world’s leading banks, together with trade finance technology specialist TradeIX and enterprise software firm R3, are piloting their trade finance solution leveraging distributed ledger technology following a successful proof-of-concept.
Since launching in September 2017, with BNP, Commerzbank and ING as core banks, the initiative has attracted significant interest from the global banking community, with additional banks including Standard Chartered, DNB, and OP Financial Group joining in recent months.”
Read the rest of the press release here.
There is a Marco Polo website that you can find much more information on the initiative! Check it out here.